Teachers Union Pension Fund Dumps Alliant Techsystems, Olin, Taurus, Smith & Wesson and Ruger


“New York City’s teacher pension fund has pulled its money out of publicly traded firearms manufacturers,” reuters.com reports, “becoming the largest U.S. public pension fund to do so in response to the school shootings in Connecticut, the city’s top financial officer said. The $46.6 billion fund divested all its holdings in five companies, for investments valued at $13.5 million as of January 26, a spokesman for New York City Comptroller John Liu said on Friday.”